ADI · NASDAQ · STOCK
Analog Devices (ADI) Stock Analysis
$362.18
52W $223.47 – $445.91
65/100
$176.01B
42.7
1.21
⚠
Buy rating, but near-term risk/reward is unfavorable
The long-term recommendation is based on the composite investment score. The near-term risk/reward is based on nearby support and resistance levels. These can differ when a strong company trades close to resistance with support further below.
Is ADI Bullish or Bearish?
Bullish.
Innellis AI committee rates Analog Devices (ADI) Buy with a composite score of 65/100
, based on 6 analysts with 67% agreement.
Last updated September 17, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +10.15 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -9.85 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The primary driver is low leverage (debt-to-equity 0.25) -- balance sheet can absorb a shock. The main limiting factor is p/e of 42.4 is expensive by classic value standards. The committee is constructive but not yet at full conviction.
Bull & Bear Case
Bull Case
- Revenue growing 33.6% YoY -- genuine top-line momentum — Growth
- EPS growing 114.4% YoY — Growth
- 5 consecutive earnings beats -- consistent execution — Growth
- MACD histogram positive -- bullish momentum — Technical
- Low leverage (debt-to-equity 0.25) -- balance sheet can absorb a shock — Risk
- News sentiment is positive (+0.27 across 39 articles, 14d) — News
Bear Case
- P/E of 42.4 is expensive by classic value standards — Value
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of September 17, 2026
Overall Committee Score
65/100
Agreement
67%
Analysts
6
Conviction
Moderate
Sector Rank
Top 9%
of 287 Technology peers
Value Analyst
neutral
48
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
− P/E of 42.4 is expensive by classic value standards
Growth Analyst
bullish
71
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ Revenue growing 33.6% YoY -- genuine top-line momentum
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
Technical Analyst
neutral
58
/ 100 · High confidence
Mixed or range-bound price action
+ MACD histogram positive -- bullish momentum
Risk Analyst
bullish
80
/ 100 · Low confidence
Risk profile is manageable -- leverage, volatility, and event exposure all look contained
+ Low leverage (debt-to-equity 0.25) -- balance sheet can absorb a shock
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
bullish
66
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.27 across 39 articles, 14d)
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 2514.55)
Investment Thesis Evolution
Committee score moved marginally from 64.8 to 64.8.
- New bearish signals: 1 appeared.
- Bearish pressure eased: 1 signal(s) disappeared.
Analyst-level changes:
- Value Analyst: +1 bearish signal(s).
Comparing 2026-09-16 to 2026-09-17 (1 day apart).
Technical Analysis
RSI (14)
45.1
Neutral
MACD Histogram
0.576
Bullish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Lh Ll
Support
$352.75
Resistance
$363.08
Bollinger %B
0.33
Inside Bands
Price vs Moving Averages
EMA 9
$364.35
Below
EMA 21
$367.36
Below
EMA 50
$374.41
Below
EMA 200
$349.95
Above
Fundamental Analysis
Valuation
47
Growth
70
Profitability
70
Financial Health
69
Cash Flow
70
Valuation
P/E Ratio
42.7×
P/B Ratio
5.25×
PEG Ratio
0.37
Dividend Yield
1.19%
52W High
$445.91
52W Low
$223.47
Quality & Growth
ROE
670.5%
ROA
472.4%
Gross Margin
6580.0%
Operating Margin
3555.0%
Revenue Growth YoY
—
Debt / Equity
0.27
AI Fundamental Assessment
P/E ratio of 42.7 (rich relative to a 15-40x range); Price-to-book of 5.3x; PEG ratio of 0.4 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 6.7%; Return on assets of 4.7%; Net margin of 29.8%; Gross margin of 65.8%; Current ratio of 1.25 (tight short-term liquidity); Debt-to-equity of 0.27; Free cash flow per share is positive (10.13); Most recent quarter beat estimates by 2.4%; 5 consecutive earnings beats; EPS growth decelerating (+25.6% -> +11.7% QoQ); Average YoY EPS growth of 68.3%; Analyst estimates rising over recent quarters
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